Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows:

	December 31,
(table only in thousands)	2023		2022		2021
Operating lease cost (a)	$	4,643	$	3,558	$	3,232
Finance lease cost:
Amortization of right-of-use assets		232		309		308
Interest on lease liability		289		289		315
Total finance lease cost		521		598		623
Total lease cost	$	5,164	$	4,156	$	3,855
(a) includes variable lease costs which are immaterial

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	December 31,
(table only in thousands)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,567	$	3,637	$	3,171
Operating cash flows from finance leases	$	289	$	289	$	315
Financing cash flows from finance leases	$	907	$	600	$	603
Right of use assets obtained in exchange for lease obligations
Operating leases	$	7,697	$	3,487	$	2,206

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	December 31,
(table only in thousands)	2023		2022
Operating leases
Right-of-use assets from operating leases	$	16,256	$	11,373
Accrued expenses	$	4,278	$	3,228
Operating lease liabilities		11,417		8,453
Total operating lease liabilities	$	15,695	$	11,681
Finance leases
Property, plant and equipment, net	$	2,097	$	2,329
Accrued expenses	$	693	$	645
Other liabilities		4,844		5,537
Total finance lease liabilities	$	5,537	$	6,182

Weighted-average remaining lease term were as follows:

	December 31,
	2023	2022
Operating leases	8 years	10 years
Finance leases	7 years	8 years
Weighted-average discount rate
Operating leases	5.8%	4.7%
Finance leases	4.6%	4.6%

Schedule of Lease Terms and Discount Rate

	December 31,
	2023	2022
Operating leases	8 years	10 years
Finance leases	7 years	8 years
Weighted-average discount rate
Operating leases	5.8%	4.7%
Finance leases	4.6%	4.6%

Schedule of Maturities of Lease Liabilities

As of December 31, 2023, maturities of lease liabilities were as follows:

(table only in thousands)	Operating Leases			Finance Leases
2024	$	4,363		$	925
2025		3,845			943
2026		2,527			962
2027		1,578			982
2028		1,145			1,001
Thereafter		3,480			1,596
Total minimum lease payments	$	16,938		$	6,409
Less imputed interest		(1,243	)		(872	)
Lease liability	$	15,695		$	5,537